Cybersecurity Dangers and Credit Unions

Credit Unions and Cybersecurity Dangers

According to an article by Theresa Payton in Credit Union National Association (CUNA), credit union leaders should be cautious regarding cybersecurity dangers.

Take your digital security response planning to a whole new level. Ransomware is especially concerning today.

“This is like a hockey stick in my company right now,” Payton says. “We’ve helped customers recovery quickly because they had a plan in advance.”

She suggests practicing how to respond to a potential ransomware event, which often involves the loss of data.

“When you have a plan and practice it, the disaster will be a lot smaller and will be resolved faster,” Payton says. “It always takes 400% to 600% longer than anticipated to resolve these events because people don’t think through everything.”

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